Ivens & Partners: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Ivens & Partners
Largest movements
- Tangible fixed assets -€22,852
down €22,852 (-22.1%), from €103,637 to €80,785
of which Furniture and vehicles: -€22,343
- Cash +€20,443
up €20,443 (+99.2%), from €20,613 to €41,056
mainly Other debts (+€73,311) and Depreciation (+€24,839)
- Receivables within one year -€2,522
down €2,522 (-12.6%), from €20,039 to €17,517
of which Other amounts receivable: -€4,000
- Other debts +€73,311
up €73,311 (+2,001%), from €3,664 to €76,975
- Reserves -€71,929
down €71,929 (-96.0%), from €74,902 to €2,973
- Debts after one year -€26,020
down €26,020 (-92.1%), from €28,240 to €2,221
- Tax, wage and social debts +€17,910
up €17,910 (+1,036%), from €1,728 to €19,639
of which Taxes: +€17,910
- Gross operating margin +€17,467
up €17,467 (+57.3%), from €30,504 to €47,971
- Taxes +€4,241
up €4,241 (+1,408%), from €301 to €4,542
- Financial charges -€915
down €915 (-30.8%), from €2,967 to €2,053
- Depreciation +€632
up €632 (+2.6%), from €24,207 to €24,839
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,871 | €152,078 | -€4,793 | -3.1% |
| Fixed assets | 21/28 | €103,637 | €80,785 | -€22,852 | -22.1% |
| Tangible fixed assets | 22/27 | €103,637 | €80,785 | -€22,852 | -22.1% |
| Plant, machinery and equipment | 23 | €1,732 | €1,223 | -€509 | -29.4% |
| Furniture and vehicles | 24 | €99,785 | €77,442 | -€22,343 | -22.4% |
| Other tangible fixed assets | 26 | €2,120 | €2,120 | = | 0.0% |
| Current assets | 29/58 | €53,234 | €71,293 | +€18,059 | +33.9% |
| Amounts receivable within one year | 40/41 | €20,039 | €17,517 | -€2,522 | -12.6% |
| Trade receivables | 40 | €15,381 | €16,859 | +€1,478 | +9.6% |
| Other amounts receivable | 41 | €4,658 | €658 | -€4,000 | -85.9% |
| Cash at bank and in hand | 54/58 | €20,613 | €41,056 | +€20,443 | +99.2% |
| Deferred charges and accrued income | 490/1 | €12,582 | €12,720 | +€138 | +1.1% |
| Total equity and liabilities | 10/49 | €156,871 | €152,078 | -€4,793 | -3.1% |
| Equity | 10/15 | €93,502 | €21,573 | -€71,929 | -76.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €74,902 | €2,973 | -€71,929 | -96.0% |
| Distributable reserves | 133 | €74,902 | €2,973 | -€71,929 | -96.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €63,369 | €130,505 | +€67,136 | +106% |
| Amounts payable after more than one year | 17 | €28,240 | €2,221 | -€26,020 | -92.1% |
| Financial debts | 170/4 | €28,240 | €2,221 | -€26,020 | -92.1% |
| Amounts payable within one year | 42/48 | €35,129 | €128,284 | +€93,155 | +265% |
| Current portion of amounts payable after more than one year | 42 | €24,893 | €26,020 | +€1,127 | +4.5% |
| Trade debts | 44 | €4,844 | €5,651 | +€807 | +16.7% |
| Suppliers | 440/4 | €4,844 | €5,651 | +€807 | +16.7% |
| Taxes, remuneration and social security | 45 | €1,728 | €19,639 | +€17,910 | +1,036% |
| Taxes | 450/3 | €1,728 | €19,639 | +€17,910 | +1,036% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €3,664 | €76,975 | +€73,311 | +2,001% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,207 | €24,839 | +€632 | +2.6% |
| Other operating charges | 640/8 | €989 | €1,064 | +€75 | +7.6% |
| Non-recurring operating charges | 66A | €11,279 | €0 | -€11,279 | -100% |
| Gross operating margin | 9900 | €30,504 | €47,971 | +€17,467 | +57.3% |
| Operating profit (loss) | 9901 | -€5,972 | €22,068 | +€28,039 | |
| Financial income | 75/76B | €1 | €0 | -€1 | -100% |
| Recurring financial income | 75 | €1 | €0 | -€1 | -100% |
| Financial charges | 65/66B | €2,967 | €2,053 | -€915 | -30.8% |
| Recurring financial charges | 65 | €2,967 | €2,053 | -€915 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | -€8,939 | €20,015 | +€28,954 | |
| Income taxes | 67/77 | €301 | €4,542 | +€4,241 | +1,408% |
| Profit (loss) for the period | 9904 | -€9,240 | €15,473 | +€24,713 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,240 | €15,473 | +€24,713 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.